Telefonica Global Solutions (TGS) Selects Gilat to Equip Strategic Teleport in Arica, Chile

Significant potential for backhaul, rural internet and broadband business throughout Latin America, due to the broad coverage provided by gateway beams of multiple satellites

 Petah Tikva, Israel, May 11, 2021 — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced that it was selected by Telefonica Global Solutions (TGS) to equip the strategic teleport in Arica, Chile. The Arica teleport is located under gateway beams of multiple satellites with coverage over several countries in the region. Gilat’s platform is designed to support social inclusion with rural Internet for schools and to provide significant potential for business opportunities for broadband access and cellular backhaul throughout Latin America.

Gilat Reports First Quarter 2021 Results

First Quarter Financial Highlights

• Revenues of $44.7 million versus $47.7 million in Q1 2020 and up from $42.6 million in the previous quarter;
• GAAP operating loss of $3.7 million versus operating loss of $10.8 million in Q1 2020 and an operating income of $62.7 million in Q4 2020; GAAP operating income in Q4 2020 included income related to the legal settlement with Comtech, net of related expenses, of $64.8 million;

Gilat Enters Strategic Agreement Valued at Tens of Millions of Dollars with a Large Government Corporation in Asia Pacific

The equipment and multi-year managed-services contract includes enterprise connectivity, with a large potential for expansion to additional applications

 Petah Tikva, Israel, May 3, 2021 — Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that Gilat entered a strategic agreement valued at tens of millions of dollars, including a potential for significant project expansions, with a large government corporation in Asia Pacific. The equipment and multi-year managed-services contract will enable connectivity for multiple applications across the nation.

Gilat Achieves Critical Milestone in Peru with Approval to Enter Operational Phase, Unlocking Access to Recurring Revenue of Multi Million Dollars per Annum

Petah Tikva, Israel, April, 29, 2021 — Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it has reached a critical milestone in Peru with approval to enter the operational phase of the telecom project awarded in 2015 for an aggregate value of $108M.

This phase enables the start of delivery of broadband internet services to over a million and a half people in Cusco. Entering the operational phase will enable Gilat to unlock access to recurring revenue of multi million dollars per annum of operations fees, for a period of ten years, as well as to continue selling services over the network.